BANK OF BAHRAIN AND KUWAIT B.S.C

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ANNOUNCEMENTS

BBK will be launching new digital initiatives soon for more convenient banking ….visit regularly here.

Dear Customer, Consequent upon spurt in COVID-19 cases across India and Government/local bodies actions, we request all our valued customers to use online banking for their regular banking transactions and also minimize use of cash as low as possible. Currency changing hands may also be carrying virus. Our Branches will be open for limited services on working days with reduced staff and curtailed business hours (10 am -2 pm). For any help and details visit our website www.bbkindia.com . We assure our commitment to you and thank you for your co-operation in the current situation"

Reserve Bank of India(RBI) vide circular No DPSS.CO.RPPD.No 309/04.07.005/2020-21 dated Sepetember 25,2020 had announced introduction of Positive Pay System for CTS for all cheques value Rs 50000.00/- and above.

Dear Customer, As per Govt. guidelines and to ensure the health and safety of our customers,vendors and employees, all visitors to our branches are required to wear a face mask maintain social distancing. Entry will be allowed post screening for body temperature and status on the Aarogya Setu app. We request your co-operation in compliance of these guidelines.

An Appeal (Hindi-pdf) with reference to Pradhan Mantri Garib Kalyan Package, in the light of COVID-19.

“Dear Customer,Bank of Bahrain and Kuwait B.S.C. will never ask you to share sensitive information like OTP, CVV, passwords for moratorium on loan EMIs or any other payment. Beware of such fraudulent calls or emails. DO NOT share your OTP, User ID, Password, CVV, Expiry date etc with anyone. Stay safe and stay alert. To know more, visit www.bbkindia.com”

Given the large scale disruptions caused by the COVID-19 virus pan-India and the regulatory measures announced thereof, Bank of Bahrain and Kuwait, India has decided to extend a 3 months moratorium on all Home and Consumer Loan EMI Installments falling due between 01Mar20 - 31May20. Pl.contact your branch/RM for further details, in case you do not wish to avail the moratorium and want to continue with the existing terms of repayment.

“Thank you for choosing to do business with BBK. Due to global COVID-19 pandemic, there is a great deal of uncertainty in the markets and in the current situation, BBK highlights the need for clients to carefully consider any new product and independently review risks at this highly sensitive and volatile time. We caution our clients to remain focused and vigilant in these times as the human, economic and financial impacts of this pandemic have already been huge, and it is not yet clear how quickly the situation will be brought under control and normal economic activity can resume.”

“As per RBI guidelines, National Electronic Fund Transfer (NEFT) is available 24 x 7 with effect from December 16, 2019.”

* TDS of 2% would be levied on cash withdrawals exceeding Rs 1 crore during a financial year. Click here for further details.

* Waiver / reduction of NEFT/RTGS charges with immediate effect Refer schedule of charges for details. Please click here for Revised service charges w.e.f.15.11.2019.

*Banking Facilities for Senior Citizens and Differently abled Persons.

* W.E.F 01.07.2017 Bank has been collecting GST @18% on applicable commission/service charges in lieu of service tax @15%.

* W.E.F 01.07.2017 GST on Forex conversions are being collected. Click here for rates.

* Please click here for current MCLR rates.

* Please click here for current interest rates on deposits.

* Details of Unclaimed Deposits. Please click here.

* FREE OF CHARGE unlimited usage of BBK ATM cards in other Banks’ ATMs.BBK ATM cards can be used in all ATMs of NPCI member Banks network. Click here for details.

*Safe Deposit Lockers facility available at our Hyderabad, Aluva & New Delhi branches. Please contact branch for details.

* Interest on all types of Savings Deposit shall be credited at quarterly intervals on the last working day of March, June, September and December.

* As per Income Tax rules, applicable TDS on deposit account is deductible on accrued interest. TDS so deducted is non-refundable.

* Customers are advised to register their mandates for payment before maturity on joint deposits held on "Either or Survivor" or "Former or Survivor" basis.

* Customers are advised to issue CTS compliant cheques only.

* BBK presently does not have any 3rd Party Agents/DSAs. The marketing & processing of all products are done through its branches, by the bank staff.

* Rupee Floating Loans/ Credit limits shall now be priced at MCLR effective 01/04/2016"click here for details

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Sl No. Nature of Transcation Chgs for Non-Individual(Rs)(w.e.f.:1st July 2012) Chgs for Individual(Rs)(w.e.f.:1st July 2012)
A) Foreign Bills :
A1. Export Bills :
A.1.a Processing Charges for each foreign currency bill negotiated / Purchased / discounted Rs.2000/- Rs.2000/-
A.1.b Rupee bill Purchase Rs.2000/- Rs.2000/-
A.1.c Rupee Advance against Export Bill Rs.2000/- Rs.2000/-
A.2. Commission on Export Bills drawn in FCY and INR:
A.2.a Equivalent of upto INR 50,000/- Up to Rs. 2 Lac, flat Rs.500/- -
A.2.b Equivalent of INR 50,000/- and above but upto INR 2 Lakhs Up to Rs. 2 Lac, flat Rs.500/- -
A.2.c Above equivalent of INR 2 Lakhs Minimum Rs.500/- or 0.075% whichever is higher Maximum Rs.10,000/- -
A.2.d Export bills sent for collection where proceeds are not received on the due dates (overdue bills) Up to 2 Lakhs Rs.250/- per quarter. Above 2 Lakhs Rs.500/- per quarter. (Chargeable at the end of every calendar quarter) -
A.2.e Where proceeds of bills received through a bank other than the collection bank at the instance of exporter/overseas buyer 0.125% in addition to normal collection charges Maximum Rs.2000/- -
A.2.f Export Bill realised where no exchange margin is earned by the bank.(Fund transferred to EEFC Account etc.) 0.05% maximum Rs.2000/- flat -
A.2.g Annual export turnover certificate Rs.500/- -
A.2.h Write off of Export Bills per bill Rs.1000/- per GR for self write-off Rs.2000/- per GR for bank write-off -
Note: If the monthly turnover of export collections exceed INR 2.5crores, commission @0.0625% with minimum of INR1000/- and maximum of INR 2,500/- (Applicable with reference to 5.3.1, 5.3.2 and 5.3.3
A.3. Import Bills :
A.3.1. Commission on bills drawn under LC :
A.3.1.a Foreign Currency bills at the time of crystallization or retirement whichever is earlier 0.15% -
A.3.1.b If bills are not retired within 10 days from date of receipt of demand bills OR on due date in case of usance bills Additional 0.15% per each month or part thereof delay incur in the payment. -
A.3.1.c Advance Import payment Bill Same as collection bill (As given below) -
A.3.1.d On bill drawn in foreign currency on which no exchange margin accrues (Export as well import Bill) or if the export/import bill is invoiced in INR hence no exchange income is earned 0.05% maximum Rs.2000/- -
A.3.1.e Out of Pocket expenses in export and import Bill Rs.750/- -
A.3.2. Commission on Clean Import Bills (not drawn under L/C) :-
A.3.2.a Where exchange margin is earned on Foreign Currency Bill 0.25% minimum Rs.500/- Maximum Rs.10,000/- -
A.3.2.b Bills received direct by Importer Half of the commission earned on same amount collection bill. Minimum Rs.500/- and maximum Rs.5000/- -
Note:If the monthly turnover of import bills under LC or/and collection bills exceed INR 2.5 crores by an arrangement, commission @0.0625% with minimum of INR 1000/- and maximum of INR 2,500/-(Applicable with reference to all sub point under 6)
B) Inland Bills :
B.1 Bills drawn under Inland LCs
B.1.a For bills upto 2.5 lacs at the time of retirement 0.20% (Rs.500/- minimum) or as per sanction memo This slab is now applicable for inland bill up to Rs.10 Lac -
B.1.b For bills above 2.50 Lakhs at the time of retirement 0.15% (Minimum Rs.2,000/- maximum Rs.10,000)This slab is now applicable for Bill drawn for more than Rs. 10 Lac -
B.1.c If the bills are not retired on the due date as per the original usance, additional charge for the devolvement period till date of recovery Additional 0.20% per each month or part thereof delay incur in the payment. -
B.1.d Inland Bills discounted under irrevocable L/Cs issued by other eligible Banks Up to Rs. 10 lac:0.20% (Rs.500/- minimum)Above Rs.10 Lac: 0.15% (Minimum 2,000/- maximum Rs.10,000) -
B.1.e Inland Bills under collection which are returned back to the remitting bank unpaid 50% of normal charges Minimum Rs.500/- maximum Rs.1000/- (Excluding other bank charges which will be born by their party) -
B.2 Inward Bills not under LC (IBC) Rs.5 per thousand with min of Rs. 500 and maximum Rs.10,000 + Out of Pocket expenses Rs.250/- -
B.3 Bills sent by us (OBC) and returned unpaid by other bank Rs.500/- -
B.4 Outward Bills – Collections (OBC) Rs.5 per thousand with min of Rs. 500 and maximum Rs.10,000 + Out of Pocket expenses Rs.250/ -
C) Collections – Outward :
C.1 Outstation Cheques
Upto 10,000/-
Above 10,000/- and Upto 25,000/-
Above 25,000/-
Rs.50/-
Rs.50/-
Rs.3/- per 1,000/-
Max. 500/
-
C.2 Outward Bills - Collections (OBC) Rs.50/- per instrument -
C.3 Foreign Cheque for Collection (FCC) N.A. Free
C.4 Handling / collection for Bills / cheques returned unpaid Rs.150/- for cheques, for bills and collecting bank charges. Rs.100/- for cheques and collection bank charges.
D) Remittances for TF:
D.1 Inward Remittances Rs.200/- -
D.2 FIRC Charges 1.Rs.150/- for any IRM not old more than one calendar quarter
2. Rs.200/- for any IRM more than one calendar quarter old
-
D.3 Issue of duplicate FIRC Rs.2000/- + Indemnity from client -
D.4 Outward Remittances 0.125%, MAXIMUM Rs.10,000/- -

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